1832 Asset Management L.P. Decreases Stake in Mastercard Incorporated (NYSE:MA)

1832 Asset Management L.P. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 42.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,199 shares of the credit services provider’s stock after selling 384,011 shares during the period. 1832 Asset Management L.P. owned 0.06% of Mastercard worth $231,697,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MA. VitalStone Financial LLC grew its position in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. Westend Capital Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the 1st quarter valued at $27,000. Scarborough Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter worth $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of Mastercard in the 4th quarter worth $30,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock opened at $492.74 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80. The company has a market capitalization of $458.06 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a 50 day moving average of $466.24 and a 200 day moving average of $461.11.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, research analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MA shares. Evercore ISI dropped their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. TD Cowen increased their price target on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Finally, Royal Bank of Canada raised their target price on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The disclosure for this sale can be found here. Insiders sold a total of 605,124 shares of company stock worth $280,045,189 over the last 90 days. 0.10% of the stock is owned by insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.